Model Portfolio Services (MPS), which allows advisers to outsource asset allocation and fund selection, seems well-positioned to capitalise on the ongoing shift away from the “adviser as portfolio manager” value proposition narrative. The dislocation of the investment process away from the adviser, however, will add complexity to the wholesaling equation and may necessitate a rethink of determining wholesalers’ number one target.

This latest episode of ISS Market Intelligence’s MI Talk podcast features Mark Hamper, Head of Client Data Strategy – Global Distribution Intelligence, and Benjamin Reed-Hurwitz, EMEA Research Lead, in discussion with host Goshka Folda on the growth of MPS in the U.K., its implications for the distribution of investment funds, and how data will be a fund manager’s best friend for understanding this trend.